2021 Housing Inventory MA

Despite the rise in housing inventory in 2021, home buyer demand resulted in record-breaking sale prices and percentage of listings sold.  Typically when housing inventory rises, the home sale prices level off or begin to decrease.

Another Record Breaking Year

The 2021 housing market proves that when home buyer demand continues to out-pace inventory, home sale prices will continue to rise.  Market statistics below exhibit 2020 and 2021 housing inventory, percentage of listings sold, and the 2020 – 2021 percentage change for each statistic.

Arlington MA Inventory

In 2021, Condominium inventory increased 7% in Arlington MA; Single Family inventory decreased 1%, and Multi-Family inventory increased 13%.  The percentage of Arlington listings sold also increased 10% for Condominium; increased 14% for Single Family, and increased 10% for Multi-Family homes.

Photo as part of 2021 Housing Inventory MA with a renovated kitchen with tile floor, island with seating, and stainless steel appliances
ARLINGTON# Listings for Sale 2020# Listings for Sale 2021% Change% Listings Sold 2020% Listings Sold 2021% Change
Condominium304324+ 7 %79 %89 %+ 10 %
Single Family314312- 1 %84 %98 %+ 14 %
Multi-Family5562+ 13 %75 %85 %+ 10 %

Ave Sale Price Arlington 2021:   Condo $708,904   Single Family $1,069,072   Multi-Family $1,168,580
More: Arlington MA Market Statistics

Belmont MA Inventory

In 2021, Condominium inventory increased 17% in Belmont MA; Single Family inventory increased 7%, and Multi-Family inventory increased 65%.  The percentage of Belmont listings sold also increased 20% for Condominium; increased 8% for Single Family, and increased 23% for Multi-Family homes.

Photo of front exterior of residential home with steps leading to covered front porch, grass and tree in front yard
BELMONT# Listings for Sale 2020# Listings for Sale 2021% Change% Listings Sold 2020% Listings Sold 2021% Change
Condominium118138+ 17 %71 %91 %+ 20 %
Single Family180192+ 7 %82 %90 %+ 8 %
Multi-Family4371+ 65 %60 %83 %+ 23 %

Ave Sale Price Belmont 2021:   Condo $797,522   Single Family $1,512,612   Multi-Family $1,181,120
More:  Belmont MA Market Statistics

Cambridge MA Inventory

In 2021, Condominium inventory increased 10% in Cambridge MA; Single Family inventory increased 8%, and Multi-Family inventory increased 21%.  The percentage of Cambridge listings sold also increased 20% for Condominium; increased 16% for Single Family, and decreased 1% for Multi-Family homes.

Photo as part of the 2021 Housing Inventory MA with a large screened in back porch with chairs, coffee table, ceiling fan overlooking other homes and the back yard
CAMBRIDGE# Listings for Sale 2020# Listings for Sale 2021% Change% Listings Sold 2020% Listings Sold 2021% Change
Condominium789865+ 10 %66 %86 %+ 20 %
Single Family185200+ 8 %58 %74 %+ 16 %
Multi-Family123149+ 21 %57 %56 %- 1 %

Ave Sale Price Cambridge 2021:   Condo $987,707   Single Family $2,124,383   Multi-Family $2,115,204
More:  Cambridge MA Market Statistics

Somerville MA Inventory

In 2021, Condominium inventory increased 10% in Somerville MA; Single Family inventory decreased 1%, and Multi-Family inventory increased 10%.  The percentage of Somerville listings sold also increased 20% for Condominium; increased 14% for Single Family, and increased 8% for Multi-Family homes.

Photo as part of 2021 Housing Inventory MA with a dining room showing beamed high ceiling, hardwood floor, table with chairs, wood cabinet, and 4 windows
SOMERVILLE# Listings for Sale 2020# Listings for Sale 2021% Change% Listings Sold 2020% Listings Sold 2021% Change
Condominium668737+ 10 %66 %86 %+ 20 %
Single Family123122- 1 %60 %74 %+ 14 %
Multi-Family277305+ 10 %65 %73 %+ 8 %

Ave Sale Price Somerville 2021:   Condo $849,470   Single Family $1,082,201   Multi-Family $1,357,104
More:  Somerville MA Market Statistics

Medford MA Housing Inventory

In 2021, Condominium inventory increased 7% in Medford MA; Single Family inventory increased 10%, and Multi-Family inventory increased 26%.  The percentage of Medford listings sold also increased 25% for Condominium; increased 8% for Single Family, and increased 5% for Multi-Family homes.

Photo of living room with high ceiling, hardwood floor, ceiling medallion with light, and decorative fireplace with marble mantel
MEDFORD# Listings for Sale 2020# Listings for Sale 2021% Change% Listings Sold 2020% Listings Sold 2021% Change
Condominium328351+ 7 %65 %90 %+ 25 %
Single Family338371+ 10 %80 %88 %+ 8 %
Multi-Family110139+ 26 %73 %78 %+ 5 %

Ave Sale Price Medford 2021:   Condo $631,401   Single Family $771,635   Multi-Family $944,479
More:  Medford MA Market Statistics

Data Source:  MLS Pinergy® as of 2-10-2022
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To learn more about my Home Listing Agent services to sell your home, contact me to schedule a Home Seller Consultation.  We will review the home selling process in Massachusetts, my home marketing and selling services, and more real estate statistics in detail.

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